WPP PLC ADS - Daily - Technical analysis published on 10/08/2019 (GMT)
- 233
- 0
- Who voted?
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
28%
39%
33%
My opinion
Bullish above 59.49 USD
My targets
60.64 USD (+1.80%)
62.64 USD (+5.15%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 59.49 USD remains possible. It is advisable to trade WPP PLC ADS with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 59.49 USD. The next bullish objective for buyers is set at 60.64 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 62.64 USD. If there is any crossing, the next objective would be the resistance located at 63.87 USD. PS: if there is a bearish break in the support located at 59.49 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
1.8
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The WPP PLC ADS price is 59.57 USD. The price registered a decrease of -0.63% on the session with the lowest point at 59.29 USD and the highest point at 59.92 USD. The deviation from the price is +0.47% for the low point and -0.58% for the high point.59.29
59.92
59.57
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by WPP PLC ADS:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this WPP PLC ADS chart shows a bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 55.22 | 58.01 | 59.49 | 59.57 | 60.64 | 62.64 | 63.87 |
| Change (%) | -7.30% | -2.62% | -0.13% | - | +1.80% | +5.15% | +7.22% |
| Change | -4.35 | -1.56 | -0.08 | - | +1.07 | +3.07 | +4.30 |
| Level | Minor | Major | Major | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 58.77 | 59.02 | 59.49 | 59.74 | 60.21 | 60.46 | 60.93 |
| Camarilla | 59.75 | 59.82 | 59.88 | 59.95 | 60.02 | 60.08 | 60.15 |
| Woodie | 58.87 | 59.08 | 59.59 | 59.80 | 60.31 | 60.52 | 61.03 |
| Fibonacci | 59.02 | 59.30 | 59.47 | 59.74 | 60.02 | 60.19 | 60.46 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 52.55 | 54.96 | 56.78 | 59.18 | 61.00 | 63.41 | 65.22 |
| Camarilla | 57.43 | 57.82 | 58.20 | 58.59 | 58.98 | 59.36 | 59.75 |
| Woodie | 52.26 | 54.81 | 56.48 | 59.04 | 60.70 | 63.26 | 64.92 |
| Fibonacci | 54.96 | 56.57 | 57.57 | 59.18 | 60.80 | 61.79 | 63.41 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 50.86 | 53.76 | 57.47 | 60.37 | 64.08 | 66.99 | 70.69 |
| Camarilla | 59.35 | 59.96 | 60.56 | 61.17 | 61.78 | 62.38 | 62.99 |
| Woodie | 51.25 | 53.96 | 57.87 | 60.57 | 64.48 | 67.18 | 71.09 |
| Fibonacci | 53.76 | 56.29 | 57.85 | 60.37 | 62.90 | 64.46 | 66.99 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 49.00 | |
| MACD (12,26,9): | 0.2100 | |
| Directional Movement: | 0.39 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 60.37 | |
| Parabolic SAR (0,02-0,02-0,2): | 61.36 | |
| Elder Ray (13): | -0.39 | |
| Super Trend (3,10): | 62.23 | |
| Zig ZAG (10): | 59.57 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 24.52 | |
| TEMA (21): | 60.04 | |
| Williams %R (14): | -76.18 | |
| Chande Momentum Oscillator (20): | -1.79 | |
| Repulse (5,40,3): | 0.5700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 5.83 |
| MA7: | 59.90 | |
| MA20: | 60.78 | |
| MA50: | 58.43 | |
| MA100: | 58.59 | |
| MAexp7: | 59.82 | |
| MAexp20: | 59.92 | |
| MAexp50: | 59.19 | |
| MAexp100: | 58.38 | |
| Price / MA7: | -0.55% | |
| Price / MA20: | -1.99% | |
| Price / MA50: | +1.95% | |
| Price / MA100: | +1.67% | |
| Price / MAexp7: | -0.42% | |
| Price / MAexp20: | -0.58% | |
| Price / MAexp50: | +0.64% | |
| Price / MAexp100: | +2.04% |
News
The last news published on WPP PLC ADS at the time of the generation of this analysis was as follows:
- Ogilvy Health’s Michael Zilligen Named One of the Most 100 Inspiring Leaders in Healthcare Marketing by PharmaVOICE
- Ogilvy Health Further Cultivates Creative Community With Multiple Promotions
- Ogilvy Health’s Zilligen Honored as an ELITE Award Winner by PM360
- Ogilvy Health Hires Industry Veteran Dan Chichester as Chief Experience Officer
- Ogilvy Health’s Johanna Skilling to Take the Stage at SXSW®
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis WPP PLC ADS - Daily